Loss Development Monitoring demo
Agents read every claim change and note between reviews, and tell the actuary which segments are moving and why. 1:14
What the demo shows
A reserve monitoring solution for actuaries that flags segments developing worse than expected.
Six agents read every claim transaction and adjuster note each week and compare every segment and accident year with the last review's selected pattern. The triangle shows each cell shaded by how far it sits from expected, with each accident year's development curve and expected range above it and the evaluation where it broke marked. A hot cell drills to the claims and note passages behind it; the reserving actuary marks it watched, explained or for the reserve review.
Transcript
- Loss Development Monitoring flags, every week the reserve segment's developing worse than expected.
- Today that waits for the quarterly triangle.
- Other liability added $7.3 billion last year.
- Here is the contractor's triangle, each cell shaded by how far it sits from expected.
- At the June review, accident year 2024 sat right on its pattern.
- In July its curve lifts out of the band, eight weeks before quartering.
- Click the hot sell for $0.9 million unexpected from 12 claims.
- The expert's repair estimate was in the notes 13 days before the reserve moved.
- Nadia sends it to the reserve committee, and the chief actuary gets the range in the brief.
- Adverse development seen in weeks, not at the next quarterly review.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.